Eckert & Ziegler Chief Seeks `Bolt-On' Takeovers, Hauck & Aufhaeuser Says

Eckert & Ziegler AG, a German supplier of low-level radiation and other medical equipment, is seeking “bolt-on” acquisition targets with annual sales of 5 million euros ($6.69 million) to 15 million euros, Hauck & Aufhaeuser analyst Marie-Therese Gruebner wrote in a note to clients.

Chief Executive Officer Andreas Eckert ruled out a further capital increase in the medium-term, according to the analyst, who referred to comments by the executive during an investor roadshow.

Eckert & Ziegler is also “well positioned to capture a share of the revenue coming from the transfer of low-level radioactive waste to a final repository approved by the German radiation agency, which should be inaugurated in 2014,” she said.

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